Support and Resistance

The Dukascopy TV team is here with another Support and Resistance Level Report. Here's how our in-house model tests out. Euro/Dollar is now headed South, and it currently has R1 of 1 1880 and S1 of 1 1850. R2 leads in resistance with 5 studies, while the other two lines have found 2 matches each, including Price Channel Indicator Upper Line for R1. All the correction notwithstanding, S1 is still... Еще a former 2 year high with 7 technicals. S2 is a 20 day moving average with 7 studies, while S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and another model. The Cable has seen limited movement, mostly trading in the range limited by R1 of 1 2930 and S1 of 1 29. Standing at a 20 day moving average, R1 is well confirmed with 12 studies. R3 is a 6 month high with 3 models, and R2 counts a psychological level among its 2 matches. Standing at a 100 day moving average, S1 sees 7 confirmations, while the second line has found 6 matches. S3 is confirmed by Bollinger Lower Band, Price Channel Indicator Lower Line and 2 other studies. Dollar/Yen has inched higher and now stands between R1 of 110 80 and S1 of 110 30. R2 has found 4 matches, including a 100 day moving average, and Bollinger Upper Band is among the 3 studies for R1. The highest resistance line sees 2 confirmations. Standing at a 20 day moving average, S2 has found 8 matches, while the highest support line sees 3 confirmations. S3 is a 6 month low with 2 models. And Dollar/Swiss Franc is up as well, now trading below R1 of 0 9650 and above S1 of 0 9620. R1 is a 20 day moving average with 10 studies. The important psychological level of parity is back on radar, as it's among the 3 models for R3, while R2 is a 100 day moving average with 2 matches. S2 counts Bollinger Lower Band among its 6 studies, and a 50 day moving average is among the 4 models for S1. Standing at a 2 year low, S3 sees 1 confirmation. You've been watching the Support and Resistance Level Report for Thursday with me, Jessica Walker. Check back in tomorrow for this week's last overview.

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